Warranty Deed                                                                                                                                                                A deed where the grantor (seller) fully warrants to hold clear title to a piece of real estate.

What-If Analysis                                                                                                                                                            An affordability analysis based on a what-if scenario. Useful when examining different options.

What-If Scenario                                                                                                                                                      Often used to explore different ways to improve a homebuyers ability to afford a house. By exploring different payment options, loan terms, interest rates and down payments.

Wraparound Mortgage                                                                                                                                                 A mortgage including the remaining balance on an existing first mortgage plus an additional amount requested by the mortgagor. Payments on both mortgages are made to the wraparound mortgagee. The payments is then forwarded for first mortgage to the first mortgagee.